Indian equity markets closed significantly lower on Monday, June 23, 2025, amid rising geopolitical tensions in the Middle East, with the United States reportedly getting involved. The BSE Sensex fell by 511.38 points (0.62%) to end at 81,896.79, while the NSE Nifty50 declined by 140.50 points (0.56%) to settle at 24,971.90.
Ahead of Tuesday’s trading session on June 24, the following stocks may remain in focus:
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IOC, Reliance Industries: Government has imposed anti-dumping duty on imports of Linear Alkyl Benzene from Iran and Qatar for five years.
- ONGC, Oil India: Crude oil prices saw their biggest single-day drop since March 2022, with Brent falling below $70 per barrel, which could impact input cost dynamics.
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SBI Cards: Reported year-on-year growth in May above industry levels and gained market share in overall card spends.
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TVS Motor: Launched the HLX 150 5G model in the Republic of Congo.
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Metro Brands: Signed an exclusive distribution agreement with Clarks for India and neighbouring countries.
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Allcargo Logistics: Reported a 3% month-on-month increase in less-than-container load (LCL) volumes; full-container load (FCL) volumes remained flat.
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Garware Technical Fibres: Subsidiary to acquire two advanced wire rope manufacturing companies in Norway for ₹111 crore.
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HG Infra: Declared lowest bidder for a project worth ₹118 crore.
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Devyani International: To acquire an additional 6% stake in Sky Gate Hospitality for ₹106 crore.
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Lemon Tree Hotels: Signed a new Keys Lite property in Kharar, Punjab, with 47 rooms.
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Cochin Shipyard: Received orders worth ₹100–250 crore for two luxury river cruise vessels.
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Setco Automotive: Entered the suspension solutions segment for medium and heavy commercial vehicles.
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Dixon Technologies: Promoter sold 2.77% stake via block deals; Motilal Oswal Mutual Fund emerged as a buyer.
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KPIT Technologies: Management cited uncertain demand trends in the US and Asia, with slower-than-expected deal conversions.
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Marathon Nextgen Realty: Plans to raise up to ₹900 crore through a QIP; indicative issue price reflects a 12% discount to the current market level.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
